MORMINA
Bankruptcy closedInactive since 09-07-2026; last annual accounts for fiscal year 2022.
Summary
MORMINA was declared bankrupt on 05-02-2024 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed for insufficient assets by judgment of 25-06-2026, published in the Belgian State Gazette on 03-07-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
30 d late
2020
31 d late
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€11,063▲ 87.9%
2021 · -€91,199
Working capital
-€384,262▼ 0.4%
2021 · -€382,654
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€31,333-€24,816▼ 20.8%-€212,042-€64,966▲ 69.4%-€9,297▲ 85.7%
Net result€9,025-€1,762▼ 80.5%-€230,909below the sector's middle half-€91,199below the sector's middle half▲ 60.5%-€11,063below the sector's middle half▲ 87.9%
Equity€21,727-€23,489▲ 8.1%-€207,419below the sector's middle half-€298,618below the sector's middle half▼ 44.0%-€309,681below the sector's middle half▼ 3.7%
Total assets€1.6m-€1.6m▲ 2.7%€1.5mwithin the sector's middle half▼ 8.5%€1.4mwithin the sector's middle half▼ 3.6%€1.6mwithin the sector's middle half▲ 11.5%
Debt€1.6m-€1.6m▲ 2.6%€1.7m▲ 5.9%€1.7m▲ 2.3%€1.9m▲ 10.1%
Working capital-€59,656--€68,295▼ 14.5%-€294,644▼ 331%-€382,654▼ 29.9%-€384,262▼ 0.4%
Solvency1.4%-1.5%▲ 0.1pp-14.0%below the sector's middle half▼ 15.5pp-20.9%below the sector's middle half▼ 6.9pp-19.5%below the sector's middle half▲ 1.5pp
Staff (FTE)11.3-13.5▲ 19.5%10.6within the sector's middle half▼ 21.5%9.3within the sector's middle half▼ 12.3%9.6within the sector's middle half▲ 3.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,297 in 2022 against €64,966 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.6m
Fixed assets
€397,775 ▼ 11.5%
Current assets
€1.2m ▲ 22.1%
Key figures and ratios
EBITDA
€42,505▲
2021 · €3,215
Cash flow
€40,739▲
2021 · -€23,018
Current ratio
0.76▲
2021 · 0.72
Quick ratio
0.20▲
2021 · 0.15
Debt to equity
-6.14▼
2021 · -5.78
ROA
-0.7%▲
2021 · -6.4%
Interest coverage
1.97▲
2021 · 0.12
Debt ≤ 1 year
€1.6m▲
2021 · €1.4m
Debt > 1 year
€323,194▼
2021 · €365,542
Income taxes
€709▲
2021 · €403
Staff costs
€326,135▲
2021 · €287,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €287,067 | €326,135 | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69,703 | €77,418 | €63,949 | €68,181 | €51,802 | ▼ 24.0% |
| Other operating charges640/8 | - | - | - | €9,088 | €1,738 | ▼ 80.9% |
| Gross operating margin9900 | €406,145 | €479,907 | €128,414 | €299,371 | €370,377 | ▲ 23.7% |
| Operating profit (loss)9901 | €31,333 | €24,816 | -€212,042 | -€64,966 | -€9,297 | ▲ 85.7% |
| Financial income75/76B | - | - | - | €6 | €20,515 | ▲ 372,897% |
| Recurring financial income75 | €114 | - | €318 | €6 | €20,515 | ▲ 372,897% |
| Financial charges65/66B | - | - | - | €25,836 | €21,571 | ▼ 16.5% |
| Recurring financial charges65 | €21,538 | €20,434 | €19,491 | €25,836 | €21,571 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | €9,909 | €4,383 | -€231,215 | -€90,796 | -€10,353 | ▲ 88.6% |
| Income taxes67/77 | €884 | €2,620 | -€306 | €403 | €709 | ▲ 76.0% |
| Profit (loss) for the period9904 | €9,025 | €1,762 | -€230,909 | -€91,199 | -€11,063 | ▲ 87.9% |
| Profit (loss) for the period to be appropriated9905 | €9,025 | €1,762 | -€230,909 | -€91,199 | -€11,063 | ▲ 87.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.5m | €1.4m | €1.6m | ▲ 11.5% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €559,044 | €492,154 | €439,220 | €449,577 | €397,775 | ▼ 11.5% |
| Intangible fixed assets21 | - | €0 | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €267,619 | €200,729 | €147,796 | €158,152 | €106,350 | ▼ 32.8% |
| Plant, machinery and equipment23 | - | - | - | €62,047 | €43,795 | ▼ 29.4% |
| Furniture and vehicles24 | - | - | - | €96,106 | €62,555 | ▼ 34.9% |
| Financial fixed assets28 | €291,425 | €291,425 | €291,425 | €291,425 | €291,425 | = |
| Current assets29/58 | €1.0m | €1.1m | €1.0m | €977,186 | €1.2m | ▲ 22.1% |
| Stocks and contracts in progress3 | €834,667 | €894,612 | €802,124 | €778,642 | €875,390 | ▲ 12.4% |
| Stocks30/36 | - | - | - | €778,642 | €875,390 | ▲ 12.4% |
| Amounts receivable within one year40/41 | €94,406 | €109,640 | €117,382 | €152,621 | €158,634 | ▲ 3.9% |
| Trade receivables40 | - | - | - | €151,756 | €158,074 | ▲ 4.2% |
| Other amounts receivable41 | - | - | - | €865 | €559 | ▼ 35.3% |
| Cash at bank and in hand54/58 | €77,710 | €112,624 | €114,058 | €45,902 | €115,053 | ▲ 151% |
| Deferred charges and accrued income490/1 | - | - | - | €21 | €43,761 | ▲ 209,884% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.5m | €1.4m | €1.6m | ▲ 11.5% |
| Equity10/15 | €21,727 | €23,489 | -€207,419 | -€298,618 | -€309,681 | ▼ 3.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €156 | €244 | €244 | €244 | €244 | = |
| Non-distributable reserves130/1 | - | - | - | €244 | €244 | = |
| Reserves not available under the articles1311 | - | - | - | €244 | €244 | = |
| Profit (loss) carried forward14 | €2,971 | €4,645 | -€226,264 | -€317,463 | -€328,525 | ▼ 3.5% |
| Amounts payable17/49 | €1.6m | €1.6m | €1.7m | €1.7m | €1.9m | ▲ 10.1% |
| Amounts payable after more than one year17 | €458,074 | €399,664 | €351,996 | €365,542 | €323,194 | ▼ 11.6% |
| Financial debts170/4 | - | - | - | €365,542 | €323,194 | ▼ 11.6% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €1.3m | €1.4m | €1.6m | ▲ 16.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €228,331 | €181,362 | ▼ 20.6% |
| Financial debts43 | - | - | - | €100,782 | €97,009 | ▼ 3.7% |
| Other loans439 | - | - | - | €100,782 | €97,009 | ▼ 3.7% |
| Trade debts44 | €789,569 | €902,910 | €951,065 | €899,096 | €1.0m | ▲ 13.6% |
| Suppliers440/4 | - | - | - | €899,096 | €1.0m | ▲ 13.6% |
| Taxes, remuneration and social security45 | - | - | - | €126,471 | €272,544 | ▲ 115% |
| Taxes450/3 | - | - | - | €74,745 | €213,483 | ▲ 186% |
| Remuneration and social security454/9 | - | - | - | €51,726 | €59,060 | ▲ 14.2% |
| Other amounts payable47/48 | - | - | - | €5,160 | €5,160 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,025 | €1,762 | -€230,909 | -€91,199 | -€11,063 | ▲ 87.9% |
| + Depreciation and write-downs630 | €69,703 | €77,418 | €63,949 | €68,181 | €51,802 | ▼ 24.0% |
| Operating cash flow (approximation) | €78,728 | €79,180 | -€166,959 | -€23,018 | €40,739 | ▲ 277% |
| Investment in fixed assets (approximation) | - | -€10,528 | -€11,016 | -€78,537 | €0 | ▲ 100% |
| Change in cash | - | €34,914 | €1,434 | -€68,156 | €69,150 | ▲ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
03-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Brabant wallon · event 25-06-2026
2024
15-02
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 05-02-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€230,909
Net result drops to -€230,909, the lowest in the series.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wavre
Ground area
139 m²
Building footprint
70 m²
Parcel 25112M0671/00A000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112M0671/00A000 | Wallonia | 139 m² | 1 · 70 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS VULHOPP RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
05-02-2024 → 25-06-2026 |
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Of 411 companies in sector 47722 we hold annual accounts for 166. 46 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47722
47721Retail sale of footwear
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.